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How Is Demand for Automotive Filters Shaping In United States : Fact.MR
According to a report by Fact.MR, the global automotive filter market is projected to register a steady expansion at 5.2% CAGR through 2022. Fact.MR’s report estimates revenues from global sales of automotive filters to increase from US$ 14,283.2 Mn in 2017 to US$ 18,383.8 Mn by 2022-end. Soaring adoption of two-wheeler vehicles, and increasing demand for passenger cars are expected to sustain growth of the global automotive filter market. In addition, rapid expansion of automotive sector, coupled with increasing disposable income of people is expected to drive demand for automobiles, which in turn will influence growth of the global automotive filter market.Get Detailed Market Overview of This Report https://www.factmr.com/report/33/automotive-filter-market
Key players in the global automotive filters market
Roki Co., Ltd.
Denso Corporation
MAHLE GmbH
ALCO Filters Ltd.
Hollingsworth
Vose Company
Donaldson Company, Inc.
Toyota Boshoku Corporation
K&N Engineering, Inc.
Mann + Hummel GmbH
Parker Hannifin Corporation
Cummins, Inc.
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Key Segments Covered
Product Type
Automotive Fuel Filter
Automotive Oil Filter
Automotive Intake Air Filter
Automotive Cabin Air Filter
Filter Media
Synthetic Automotive Air Filter
Cellulose Automotive Air Filter
Vehicle Type
Automotive Filters for Passenger Cars
Automotive Filters for LCV
Automotive Filters for HCV
Automotive Filters for Off-Road Vehicles
Automotive Filters for Lawn Mowers
Sales Channel
Automotive Sales through OEMs
Automotive Sales through OESs
Automotive Sales through IAMs
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8 Prospects of the Global Automotive Filter Market
Europe will remain the most lucrative region for automotive filters market. This growth is mainly driven by surging requirement for productivity & efficiency, coupled with a thrust to manufacturing activities in this region. In 2017, automotive filters sales in Europe are estimated to hold over one-fourth share of the market, in terms of revenues.
Asia Pacific excluding Japan (APEJ) is projected to register the fastest expansion, in terms of automotive filter sales, through 2022.
Sales of automotive filters in Middle East & Africa (MEA) and Japan are expected to exhibit a sluggish expansion through 2022.
Cabin air filter will remain sought-after among products in the global automotive filter market. Surging demand for cars with high efficiency, and soaring pollution levels around the globe, especially in urban areas are factors fuelling demand for cabin air filters. Cabin air filter sales are expected to exhibit the highest CAGR through 2022 in the market. In contrast, oil filter sales are estimated to register a sluggish expansion through 2022. In terms of revenues, intake air filters will continue to be the second largest product in the market.
Based on filter media, synthetic automotive filters are expected to remain preferred in the market. Synthetic automotive filter sales are anticipated to exhibit an above-average CAGR, to exceed revenues worth US$ 10,000 Mn by 2022-end. Synthetic automotive filters are expected to account for nearly three-fourth market revenue share in 2017. Adoption of cellulose automotive filters will continue to be sluggish throughout the forecast period.
Demand for passenger cars around the world is witnessing a rapid expansion, which in turn has propelled demand for automotive filters. Increasing replacement rate of automotive filters on the back of necessity for passenger car maintenance is further expected to drive the market growth. Automotive filter sales in passenger cars are expected to hold the largest revenue share of the market, registering the highest CAGR through 2022. LCVs will remain the second largest vehicles for automotive filters sales in the market. Sales of automotive filters in lawn mowers and off-road vehicles are estimated to exhibit the lowest CAGR throughout the forecast period.
IAM will remain the largest sales channel in the global automotive filter market, with sales poised to exhibit the highest CAGR through 2022. Automotive filter sales in IAM are anticipated to surpass US$ 10,000 Mn in revenues by 2022-end. OES will continue to be the second most lucrative sales channel for automotive filters. Automotive filter sales in OEM are estimated to register a sluggish expansion through 2022.
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The report covers following Automotive Filter Market insights and assessment that are helpful for all participants involved in the Automotive Filter market:
Data on recently introduced regulations and their impact on key industries and on demand in Automotive Filter
Latest industry Analysis on Automotive Filter Market, with key analysis of market drivers, trends, and influencing factors
Key trends Analysis of Automotive Filter Market and changing consumer preferences in major industries.
Changing Automotive Filter demand and consumption of diverse products
Major trends underlining funding by key investors in numerous countries
New investment opportunities in diverse technology and product or service types
Comprehensive data and Competitive analysis of Automotive Filter major players
Automotive Filter Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
Automotive Filter demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth
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